×
254
Fashion Jobs
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
KENAN MANAGEMENT CONSULTANTS
Regional Sales Manager / Area Sales Manager
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
ACULIFE HEALTHCARE
Job Opportunity For Area Sales Manager @ Aculife Healthcare Pvt Ltd
Permanent · Ludhiana
MACROHIRE
Area Sales Manager - Beverage ll Tirupati
Permanent · Tirupati
SMAP LOGISTICS
Area Sales Manager / Smap Logistics
Permanent · Jaipur
SAKSHAM TECHNOLOGIES
Area Sales Manager- Process Equipment Division
Permanent · Hyderabad
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
SAKSHAM TECHNOLOGIES
Area Sales Manager- Medical Equipment Division
Permanent · Bengaluru
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
PROMETO CONSULTING
Fmcg Area Sales Manager
Permanent · Coimbatore
RESPICARE SOLUTIONS
Area Sales Manager /Business Development Manager-Kolkata
Permanent · Kolkata
GENIUS CONSULTANTS
we Are Looking For Sales Manager in Reputed Logistic Organization
Permanent · Ahmedabad
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ALUDECOR LAMINATION
Area Sales Manager- Navi Mumbai
Permanent · Navi Mumbai
Published
Jan 31, 2023
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Liquidation process begins for Zilingo

Published
Jan 31, 2023

Zilingo is now undergoing liquidation proceedings, led by provisional liquidator EY Corporate Services PSE. The business-to-business fashion start up’s liquidation is being supervised by its creditors Varde Partners and Indies Capital Partners.

Once heralded as a unicorn, Zilingo now faces liquidation - Zilingo- Facebook


This January, Zilingo handed over its tech assets and nCinga Innovations to Buyogo AG, Indian Retailer Bureau reported. The business’ liquidation was triggered this January by its creditors Varde Partners and Indies Capital Partners.  
 
Dhruv Kapoor and Ankiti Bose launched Zilingo in 2015 as a business-to-business fashion start up to offer end-to-end manufacturing, logistical, and technological solutions for international clothing businesses including manufacturers, distributors, retailers, and wholesalers among others. The founders had numerous disputes, which the liquidation process is uncovering.

Singapore-based, Indian run Zilingo had made headlines when it became a unicorn in December, 2019, when its valuation crossed the $1 billion mark. However, swift international expansion into countries including the US and Australia caused too great a cash burn, along with other mounting company expenses.  
 
2022 saw numerous controversies for the business. In May last year, Bose was fired from the business for alleged wilful fraud, which she denied. In June, both Bose and Kapoor proposed a shareholder buyout of the business then in September Zilingo came under fire from the Indian government for allegedly forging third-party inspections certificates to distribute millions of sub-standard Chinese KN95 masks during the pandemic. 
 

Copyright © 2023 FashionNetwork.com All rights reserved.